With house prices flattening, many people are looking to improve the value of their home by undertaking DIY projects, it has been suggested.
Independent market research carried out on behalf of Halifax has suggested that more than a quarter (28 per cent) of people plan to take on home improvement projects in the next 12 months.
Of those who are planning a DIY job, 44 per cent believe that it will add up to £5,000 to the value of their home, with a further 12 per cent expecting their house price to rise by between £10,000 and £25,000 after the task is completed.
Russell Galley, head of mainstream mortgages at Halifax, said: "In the current market, homeowners can inject value into their homes by undertaking the right home improvements. Carrying out work on your home can be rewarding but costly to correct if not executed properly."
He urged people to seek professional consultation where appropriate and seek planning permission for big jobs.
Elsewhere, Halifax has reported that 1.7 million Britons have been living with an unfinished DIY project for more than two years.
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